This must be the share of the future...........A co with 15 employees mostly Boffins with a unique product under development that has massive potential in the alternative energy sector
My only regret is that I watched the sp rocket from 11op to 210p before getting into the nose cone

Not sure. We seem to have stalled at 160-170p at present.

here we go again. Wait until you can see the whites of their eyes.... a million share turnover day --- then put you money in last ride was 70% this one probably just 50-60%

ITM Power has signed a Memorandum of Understanding with ABRO, a trading fund of the Ministry of Defence to use ITM's technology to develop equipment that improves the capability of diesel engines operating in military and civilian evironments.

The equipment packages will be designed for 'retro fitting' to specific vehicles and will be tested to establish their potential in military and civilian scenarios, the company said. No financial details were revealed.

ITM also reported that after the initial tests of its joint development programme with the University of Hertfordshire, the results of mixing hydrogen with diesel were positive and could reduce fuel consumption and emissions, thus improving engine operation.

The operation of a diesel engine using a small addition of electrolytic hydrogen from an on-board ITM electrolyser to the existing diesel fuel has shown significant improvements in the steady speed power output, the company said. The company added that, in view of the commercial sensitivity and potential value of these results it is not expected that any further technical up-dates regarding this collaboration will be made until trials have been completed.

The company also reported that its other project developing a Home Electrolyser Refuelling System and Bi-fuel car, which is intended to demonstrate the ability to refuel an existing petrol engined car with hydrogen anywhere that has access to water and electricity, is progressing satisfactorily. The company is on track to roll out a 10kW ITM electrolyser home refuelling device and a Bi-Fuel vehicle before the end of June 2007.

I've been waiting for that 1m t'o day -- looks like it's today but sadly can't resist so in I go. The water is cold I have to say

Why is ITM going down today?

who knows

my guess is big institution that has been selling for sometime wants to get rid of all before year end --- so the portfolio manager does not have to explain why he picked the stock up at 320p in the placing and it is now 1

Why now ? well next week will probably see big fall in vols as books closed for Xmas --"so let's get rid of it now". Why no concern on price --- probably bought for a spivvy gain and not v big part of managers overall portfolio. So even 20% here or there is not going to hurt his bonus as much as his ego will be hurt by having to report the mess up to his clients

At this time of year there are always plenty of Xmas presents left to us small investors by the good and the great of "the City". God bless them every one.

No wonder plenty of people taking advantage of the sale at the moment...LOTS of BUYS!

i might be a little too tempted to buy in if the S.P. drops below 100.

Confidant
Be brave ...........ITM is a share being traded by shorters who are now discovering that somebody is determined to mop up all shares available at or around 100p....

...my mop is getting a bit wet now

Good mopping everyone --- time for feet up and a cup of tea

Mops getting a bit drier now as the rollercoaster moves up yet again.......
.......Happy new year to all

Happy New & Prosperous New Year Goosy and all ITM holders.

Private equity firms supposedly interested in this sector this year according to ft.

not sure if this meets what private equity want does it? I thought they liked cashflow.

I like this share's volatility :-)

Perhaps venture capitalists is a more appropriate term than private equity firms Financial Times article
> Renewable energy begins to pick up speed as an investment
> By Fiona Harvey and Kate Burgess
>
> Worrying about the environment is not the prerogative of a fringe of
> ageing hippies it once was. It has become one of the hot topics of the
> capital markets.
> More than $70bn (36bn) of new money was invested globally in clean or
> renewable energy or clean technology last year, says Michael Liebreich
> at New Energy Finance, a specialist research firm. That was a 43 per
> cent increase on the year before, he says.
> He reckons there are more than 1,246 private equity funds targeting
> environmental projects: "All the biggest private equity houses are
> looking at this space."
> The latest to launch a fund was Hg Capital, which reported last week
> it had raised EUR330m (222m) for a fund investing in renewable power
> in Europe.
> Conventional asset managers and hedge fund managers are joining the
> fray. According to the UK Social Investment Forum more than EUR780bn
> had been invested in socially responsible investments and funds and
> the bulk of SRI funds use environmental criteria to pick stocks.
> Standard Life Investments and Merrill Lynch Investment Managers have
> both highlighted the environment as an important investment theme for
> 2007 as environmental issues become more integrated into mainstream
> asset management and corporate behaviour.
> "Investors are seeing potential for profits, from the trading of
> pollution permits to investing in new technologies and approaches
> designed to cope with increasing scarcity of resources such as oil and
> water," says Standard Life.
> As the investment case for renewable energy strengthens, more
> companies are being drawn to list on the public markets.
> So far 50 companies focused on renewable energy have floated on Aim
> and more are expected in the next year or so.
> Wind power and ethanol turned out to be the best bets for investors
> last year in the burgeoning market for renewable energy.
> The highest performing renewable energy stock on Aim, by a large
> margin, was Clipper Windpower, the developer of wind farms in the US.
> Clipper, whose chairman is the former Conservative minister Lord
> Moynihan, more than doubled in value during the year, continuing the
> strong performance since the company listed in September 2005.
> Shares in Clipper jumped more than 75 per cent in July when the
> company announced a deal with BP to develop jointly five wind farms in
> the US.
> Wind is the most mature of all renewable energy technologies and
> companies with good wind sites can make substantial profits as
> electricity prices have remained high.
> Turbine design has advanced to allow much more power to be generated
> than was possible in the past, up to 3MW or even 5MW in the case of
> the biggest models. In addition, most developed country governments,
> including the UK and the US, offer a subsidy for wind power
> generation.
> The mixture of government support, high energy prices, carbon trading
> and concerns about the security of energy supplies have all combined
> in the past two years to make renewable energy an attractive sector.
> High energy prices have changed the economics of renewable energy, as
> has carbon trading, initiated by the European Union in January 2005,
> which puts an extra cost on fossil-fuel power generation, making
> renewable energy more economical.
> More than 500m of wind turbines were commissioned in the UK in 2006,
> according to the British Wind Energy Association.
> But investors ought to be wary of the potential problems associated
> with wind power.
> Shane Woodroffe, director of renewable energy at Fortis Bank, notes
> there are estimated to be more wind farms in planning in the UK, or
> about 2GW to 4GW of generating capacity, than there are wind farms
> already operating.
> That reflects the difficulty of gaining planning permission from local
> authorities. Companies must also get permission for any additional
> networks of large pylons that must be set up to connect remote wind
> farms to the electricity grid.
> Many of the UK's windiest sites, and those where planning permission
> is relatively easy to obtain, have been taken.
> Potentially more damaging to investors is that the Department of Trade
> and Industry is to review its subsidy regime in 2007 and may reduce
> the money available for onshore wind farms.
> The Carbon Trust, one of the government's chief advisers, has called
> for other less mature technologies, such as offshore wind farms and
> tidal and wave energy, to be favoured in future.
> Complicating matters further is a global shortage of wind turbines,
> caused by greatly increased global demand and high steel prices.
> David Fitzsimmons, chief executive of Novera Energy, one of the UK's
> biggest pure play renewable companies, says he expects consolidation
> to take place this year. "We're taking this forward from being a
> cottage industry," he says. "I think the interest will be in
> [companies with] existing assets rather than developing new assets."
> Ethanol companies such as Renova Energy and GTL Resources also fared
> well in 2006. They are cashing in on the ethanol boom in the US.
> However, there are potential dangers for these companies too. The crux
> of their business model is to exploit the lower price of ethanol
> compared with petrol.
> Yet those economics are changing as a bad grain harvest in many places
> has pushed up the price of their raw materials, while the oil price
> has come off its recent highs.
> Investors putting their faith in other biofuels will have seen mixed
> results. D1 Oils, a company founded and chaired by entrepreneur Karl
> Watkin, plans to make biodiesel from the jatropha plant, which it
> believes it can grow in countries such as India.
> The company's shares have almost halved since April. It said this
> summer it was in early discussions about a buy-out but instead is
> raising nearly 50m by means of a share placing.
> In the meantime, a series of problems at its Teesside factory has
> beset the indebted Biofuels Corporation, which warned last month it
> would have to seek more funding next April in order to continue as a
> going concern.
> Emissions trading specialists have sprung up to take advantage of the
> new markets in carbon dioxide brought into being by the Kyoto protocol
> and the European Union's greenhouse gas emissions trading scheme.
> These have also experienced divergent fortunes. Climate Exchange was
> one of the best performers of "clean energy" companies on Aim, but
> Trading Emissions lost value during the year. Yet the UK is likely to
> remain the centre for emissions trading for the foreseeable future,
> according to Paul Newman, London managing director at Icap Energy (see
> profile below).
> One of the renewable energy technologies to have received most hype in
> the past few years is the fuel cell. These devices, which generate
> electricity from hydrogen or ethanol, have been around for decades.
> However, the technology to make them has not yet been proven and it
> remains several years from widespread commercial application.
> In April this year, the fuel cell specialist ITM Power was one of the
> relative heavyweights among renewable energy companies because it had
> found a way to make it cheaper to produce some of the important
> components in hydrogen fuel cells.
> However, as it became clear this technology would take years to come
> to market, the company's value fell from 140m to 125m.
> Renewable energy in general is poised to receive more investment in
> 2007, according to Mr Woodroffe of Fortis. "I'd say this will be one
> of the big growth markets, definitely."
> Venture capitalists are also taking a keen interest. Mark Kerr, a
> director at 3i, which last month invested EUR30m in Electrawinds of
> Belgium, says: "The economics of renewable energy are more compelling
> than the economics of traditional power generation opportunities from
> a venture capital perspective, because traditional power is a mature
> industry but renewable has huge opportunities for growing companies."
> He said he also expectedto see consolidation in the renewable
> industry, whichis characterised by a large number of small companies
> and a few big energy companies that dabble in renewable energy.

Could be a good time to jump in - S.P. is as low as its probably going to get and in the tick up to 2008 and commercialisation the shares should rocket

Picked up some over last few days, this time though I'm not trading out. This time its for real...............................well, it could be

Ha! Ha! We're all hoping so Confidant :-)

Buyer in, looks to have set new base level for stock -- back to 150p?